Great investment in South Portugal (Algarve)

2-storey classified building with completely renovated ground floor, hosting a successful restaurant and approved renovation process for the upper floor with Alojamento Local (AL) license.

Total size of the building 879m2 (9472sq feet).

The building dates from 1875 and belonged to the Viscount of Silves.
The ground floor and roof have been completely renovated with high quality materials in 2019 according to the rules of the classified profile of the building, it's a real hidden gem in Silves which is the old capital of the Algarve.

The ground floor features a fully equipped commercial kitchen with high end appliances from Angelo Po and Kuma Forni, 2 outdoor patio's, indoor space and a bar with a capacity for 200 people inside and up to 50 people on the patio's outside.

The 1st floor is under construction and offers 4 big rooms and 3 bathrooms with all facilities which could be used a guest rooms for bed & breakfast or Airbnb.
On top of this there is a loft which stretches all over the building.
Alternatively the ground floor has the space to create 8 big guest rooms to convert the building into a boutique hotel.